Jennison Associates LLC Has $141 Million Stake in Burlington Stores, Inc. (NYSE:BURL)

Jennison Associates LLC reduced its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 494,644 shares of the company’s stock after selling 15,430 shares during the quarter. Jennison Associates LLC’s holdings in Burlington Stores were worth $141,003,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BURL. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores during the 3rd quarter worth about $26,000. Fortitude Family Office LLC grew its stake in Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after buying an additional 55 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Burlington Stores during the third quarter worth approximately $33,000. UMB Bank n.a. raised its stake in shares of Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after acquiring an additional 141 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Burlington Stores by 36.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after acquiring an additional 46 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BURL. Citigroup raised their price target on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and raised their target price for the company from $280.00 to $360.00 in a research note on Friday, January 10th. Barclays reduced their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. TD Cowen raised their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Robert W. Baird upped their target price on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $317.87.

Burlington Stores Trading Down 3.3 %

Shares of NYSE:BURL opened at $283.91 on Monday. The company has a 50-day simple moving average of $288.22 and a 200 day simple moving average of $270.54. The company has a market capitalization of $18.02 billion, a P/E ratio of 38.89, a price-to-earnings-growth ratio of 1.53 and a beta of 1.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the firm earned $0.98 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. Sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the sale, the chief marketing officer now directly owns 59,931 shares in the company, valued at $17,613,121.59. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.91% of the stock is owned by company insiders.

Burlington Stores Profile

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.